WCC — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($295.84)
DCF	$-130.89	-144.2%
Graham Number	$174.25	-41.1%
Reverse DCF	—	—
DDM	$41.20	-86.1%
EV/EBITDA	$295.74	-0.0%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$10.10M

Near-term growth (yrs 1–5)(%)Rev: 10.3% / EPS: 10.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.37%

Computed WACC: 8.37%

Cost of equity (Re)12.28%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)68.14%

Debt weight (D/V)31.86%

Results

Intrinsic Value / share$-131.45

Current Price$295.84

Upside / Downside-144.4%

Net Debt (used)$6.13B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	2.3%	6.3%	10.3%	14.3%	18.3%
7.0%	$-131.07	$-132.08	$-133.24	$-134.58	$-136.11
8.0%	$-130.11	$-130.92	$-131.84	$-132.91	$-134.13
9.0%	$-129.45	$-130.12	$-130.88	$-131.76	$-132.77
10.0%	$-128.97	$-129.53	$-130.18	$-130.92	$-131.78
11.0%	$-128.60	$-129.08	$-129.64	$-130.29	$-131.02

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $13.05

Book Value / share($)Yahoo: $103.41

Results

Graham Number$174.25

Current Price$295.84

Margin of Safety-41.1%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.37%

Terminal growth rate(%)

Computed WACC: 8.37%

Cost of equity (Re)12.28%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)68.14%

Debt weight (D/V)31.86%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$295.84

Implied Near-term FCF Growth—

Historical Revenue Growth10.3%

Historical Earnings Growth10.2%

Base FCF (TTM)-$10.10M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $2.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$41.20

Current Price$295.84

Upside / Downside-86.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.44B

Target EV/EBITDA multipleCurrent: 14.2×

Net Debt($B)Default: $6.13B

Results

Implied Equity Value / share$295.74

Current Price$295.84

Upside / Downside-0.0%

Implied EV$20.52B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$2.13B	$4.13B	$6.13B	$8.13B	$10.13B
10.2x	$259.21	$218.11	$177.01	$135.91	$94.81
12.2x	$318.57	$277.47	$236.37	$195.27	$154.17
14.2x	$377.94	$336.84	$295.74	$254.64	$213.54
16.2x	$437.31	$396.21	$355.11	$314.01	$272.91
18.2x	$496.68	$455.58	$414.48	$373.38	$332.28

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